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how much is a house worth

2

Comments

  • #32
    biko
    Registered Users, Registered Users 2 Posts: 81,060 ✭✭✭✭biko


    Not my house
    Region €245,000, 6 Bedrooms, 3 Bathrooms


  • #33
    ricman
    Closed Accounts Posts: 1,559 ✭✭✭ricman


    IF someone wants to live in area x its what you will pay and what the bank will lend you,ie most of what you pay is for the right to live in area x close to shops ,bus service, dart etc Thats why a house in drumcondra is worth more than a house in tallaght .you can get into city center in 15 minutes, as opposed to 50 minutes from tallaght.
    You can buy a house for 30k in ireland if you are willing to live in the middle of nowhere.
    Theres an article on times online uk today, an architect says he built a new house for 25k in leitrim out of cheap materials.He,s setting up a blog to to publish the house plans free to download and print out.
    HE advocates self building for persons and communitys.
    And you will have a certain standard of living living there ,thats what you are paying for.
    From a technical point of view the bricks ,mortar,roof, walls of a semi d are
    prbly worth 50k, not counting the cost of the site.IE cost of materials,construction, minus stamp duty.
    Just try and buy a site to build a semi d in drumcondra ,its practically impossible, to find a site there.
    See here http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/visual_arts/architecture_and_design/article7090211.e


  • #34
    TheZohanS
    Closed Accounts Posts: 11,581 ✭✭✭✭TheZohanS


    The market has changed now; there was a time when 150k wouldn't buy you a crevice big enough to pitch a dome tent on.


  • #35
    SV
    Closed Accounts Posts: 9,533 ✭✭✭SV


    mono_mac wrote: »
    Im a brick block layer , thats impossible not even with everyone workin free

    No, you only think it is because you're overpaid


  • #36
    Mike 1972
    Closed Accounts Posts: 8,017 ✭✭✭Mike 1972


    mono_mac wrote: »
    Im a brick block layer , thats impossible not even with everyone workin free

    The whole is often < The sum of the parts

    How much is your car worth ?
    bnt wrote: »
    You could pay for it a few years ago, when banks were giving out 100% mortgages with minimal checks.

    And were stupid enough to take out a mortgage when you hadnt a hope in hell of meeting the repayments -especially when interest rates go back up........

    People seem to assume what they can afford = what the bank is willing to lend them


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  • #37
    problemchimp
    Registered Users, Registered Users 2 Posts: 1,025 ✭✭✭problemchimp


    drdeadlift wrote: »
    in your area? where i am i think its about the 290k mark
    priceless if it's a home for your family. We have to forget about financial value unless buying or selling and NOT borrowing on the strenght.


  • #38
    brummytom
    Registered Users, Registered Users 2 Posts: 10,572 ✭✭✭✭brummytom


    Some of the houses are only around £300k; our is £500k, and would be one of the more expensive houses in the city.

    So - just my area, not the ex-council houses - it'd be from about €344,000 - €573,000


  • #39
    corkcomp
    Registered Users, Registered Users 2 Posts: 5,114 ✭✭✭corkcomp


    problemchimp wrote: »
    priceless if it's a home for your family. We have to forget about financial value unless buying or selling and NOT borrowing on the strenght.

    exactly! unless planning to sell the negative equity isnt an issue. yes it is a bitter pill and all that but ....


  • #40
    Pittens
    Closed Accounts Posts: 1,404 ✭✭✭Pittens


    our is £500k

    Thats the Birmingham mansion!!!

    All bow!


  • #41
    mono_mac
    Registered Users, Registered Users 2 Posts: 595 ✭✭✭mono_mac


    QUOTE=SV;65351857]No, you only think it is because you're overpaid[/QUOTE]

    Yeah yeah talk to the hand


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  • #42
    mono_mac
    Registered Users, Registered Users 2 Posts: 595 ✭✭✭mono_mac


    QUOTE=SV;65351857]No, you only think it is because you're overpaid[/QUOTE]

    Yeah yeah talk to the hand


  • #43
    drdeadlift
    Closed Accounts Posts: 2,189 ✭✭✭drdeadlift


    minidazzler wrote: »
    Are you asking cost, value or what they are actually worth, there is a difference in all three.

    The cost of houses where I live, standard 3 bed, is around €200,000.
    The net value is probably around €150,000
    they are worth around €20,000 in my opinion.

    That would be an ecumenical matter


  • #44
    hughkane
    Closed Accounts Posts: 24 ✭hughkane


    How long is a peice of string?


  • #45
    Amhran Nua
    Closed Accounts Posts: 4,124 ✭✭✭Amhran Nua


    TheZohan wrote: »
    The market has changed now; there was a time when 150k wouldn't buy you a crevice big enough to pitch a dome tent on.
    Ah the infamous €90k (iirc) beach huts, standing room only. You couldn't make it up.


  • #46
    kraggy
    Closed Accounts Posts: 6,414 ✭✭✭kraggy


    Where I am in Galway City, the cheapest 3 bed semi-detached is about 270,000.

    That's what's being paid, not the asking price.


  • #47
    dsmythy
    Registered Users, Registered Users 2 Posts: 10,588 ✭✭✭✭dsmythy


    If you're ever going to buy a house, buy one before the year is out.


  • #48
    Amhran Nua
    Closed Accounts Posts: 4,124 ✭✭✭Amhran Nua


    kraggy wrote: »
    Where I am in Galway City, the cheapest 3 bed semi-detached is about 270,000.
    Four bed semi detached houses are going for aroud €200k in Rahoon, in some fairly nice spots.


  • #49
    kraggy
    Closed Accounts Posts: 6,414 ✭✭✭kraggy


    Amhran Nua wrote: »
    Four bed semi detached houses are going for aroud €200k in Rahoon, in some fairly nice spots.

    Really? Whereabouts? Gort Greine?


  • #50
    Amhran Nua
    Closed Accounts Posts: 4,124 ✭✭✭Amhran Nua


    kraggy wrote: »
    Really? Whereabouts? Gort Greine?
    Take a wander up Gleann Dara past the interesting looking villa on the corner, as you go up its the first turn left, two properties for sale there, I called up to get a quotation on asking for the craic and was surprised to be told €200k. It's probably a ruse to get it to auction, but I'd say if you wandered in with €200k cash, they'd take your hand off.

    Prices have a long way down to go yet.


  • #51
    M5
    Registered Users, Registered Users 2 Posts: 10,161 ✭✭✭✭M5


    biko wrote: »
    Not my house
    Region €245,000, 6 Bedrooms, 3 Bathrooms

    Perfect example of how the housing market went, this is a 6 bed house. Look at the size of the kitchen and the sitting room FFS. same as an average 3 bed semi. If you need 6 beds you need a sitting room and a kitchen for minimum 6 people, barely fit 5 in that sitting room. Maximum amount of bedrooms into the smallest space possible,

    well done Galway planners, take a bow


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  • #52
    SV
    Closed Accounts Posts: 9,533 ✭✭✭SV


    mono_mac wrote: »

    Yeah yeah talk to the hand

    I see why you're a block layer alright..


  • #53
    Piste
    Registered Users, Registered Users 2 Posts: 11,440 ✭✭✭✭Piste


    The house next door to us sold for €800,000 a few months ago. Our house was valued at 1.2M about two years ago.


  • #54
    Mike 1972
    Closed Accounts Posts: 8,017 ✭✭✭Mike 1972


    K-9 wrote: »
    Anything from 120k to 200k depending on how ignorant the seller is.

    Surely its more down to the ignorance of the buyer ?


  • #55
    alias141282
    Closed Accounts Posts: 290 ✭✭alias141282


    dsmythy wrote: »
    If you're ever going to buy a house, buy one before the year is out.

    Your joking?

    Wait til interest rates go to 5% in about two years time.

    The govt. is trying to prevent the market collapsing completely by holding off on flogging the NAMA stock. The banks also have plenty of repossesed properties on the books. Sooner or later they will have to be sold. There will be a period of below cost selling before things stabilise again.

    What happened in Mullingar will have to happen in Dublin sooner or later.


  • #56
    martyboy48
    Registered Users, Registered Users 2 Posts: 2,140 ✭✭✭martyboy48


    bnt wrote: »
    The price of something is what someone's willing to pay for it, of course. With houses, you see lots of talk about factors such as location, scarcity, and neighbourhoods as influences on the price, but none of that matters if you can't pay for it.

    You could pay for it a few years ago, when banks were giving out 100% mortgages with minimal checks. The sellers charged more because the buyers could pay more. That's not happening any more: now you need a larger deposit to get a mortgage linked to your verified income. Potential buyers will have less money, so sellers will have to charge less, or there will be no sale. (Yes, I know there will be exceptions, but I'm talking statistically here.)

    This is a fact because Dr. Phill said so... One of his many quotes I live by:D


  • #57
    [Deleted User]
    Posts: 18,046 ✭✭✭✭ [Deleted User]


    alias141282 wrote: »
    What happened in Mullingar will have to happen in Dublin sooner or later.

    What happened in Mullingar?


  • #58
    K-9
    Registered Users, Registered Users 2 Posts: 43,305 ✭✭✭✭K-9


    Mike 1972 wrote: »
    Surely its more down to the ignorance of the buyer ?

    True, was thinking more about asking prices rather than selling prices.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • #59
    minidazzler
    Registered Users, Registered Users 2 Posts: 14,650 ✭✭✭✭minidazzler


    mono_mac wrote: »
    20k ah cop on

    Given the age of the house's, the fact that most have to be retrofitted with new windows and doors. It's a very reasonable figure. 20 K is what it would cost at most to build a house in my area if you already owned the land.


  • #60
    minidazzler
    Registered Users, Registered Users 2 Posts: 14,650 ✭✭✭✭minidazzler


    M5 wrote: »
    Perfect example of how the housing market went, this is a 6 bed house. Look at the size of the kitchen and the sitting room FFS. same as an average 3 bed semi. If you need 6 beds you need a sitting room and a kitchen for minimum 6 people, barely fit 5 in that sitting room. Maximum amount of bedrooms into the smallest space possible,

    well done Galway planners, take a bow

    Depends what you use it for really. As a family house it is useless. As a student house, absolutely perfect! €200 a month of anyone, so it's really generous rent, you would still be turning a profit on top of paying off the mortgage!


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  • #61
    drdeadlift
    Closed Accounts Posts: 2,189 ✭✭✭drdeadlift


    alias141282 wrote: »
    Your joking?

    Wait til interest rates go to 5% in about two years time.

    The govt. is trying to prevent the market collapsing completely by holding off on flogging the NAMA stock. The banks also have plenty of repossesed properties on the books. Sooner or later they will have to be sold. There will be a period of below cost selling before things stabilise again.

    What happened in Mullingar will have to happen in Dublin sooner or later.

    and how long do you think this period will last?????????????


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